JSA advises Prism Johnson in its investment in Renew Green

The investment amount remains undisclosed.

Prism Johnson has made an investment in Renew Green (MPR Two) Private Limited, a special purpose vehicle promoted by ReNew Green Energy Solutions Private Limited (ReNew) for the supply of power from a 23 MW wind power project to be developed by Renew in the State of Madhya Pradesh.

J. Sagar Associates advised Prism Johnson on this investment.

The transaction team consisted of Vishnu Sudarsan (Partner), Shashank Singh (Partner) and Nishtha Shukla (Associate).

This is amongst the various renewable energy assets (and the first wind power project) in which Prism has invested for meeting the electricity requirements for its cement production facility at Satna, Madhya Pradesh, with a waste heat recovery system and various solar power projects previously installed and commissioned at this facility.

The procurement of renewable power by Prism Johnson Limited is in line with its long-term strategy of reducing its carbon footprint and transitioning to meeting its power consumption requirements from sustainable energy sources.

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